If I could have some sort of focus follows mind where highlighting automatically happens commensurate to what level of granularity I'm currently thinking about the code at I would be extremely interested, but absent "focus follows mind" it's a trade-off that everybody has to make for themselves.
Some people prefer to highlight almost everything, some almost nothing, some people find it helpful for some languages/tasks but not for others.
It's similar IME to the extent to which preferred debugging styles (printf versus interactive versus hybrid versus situational choices) are also something people have to figure out, and, well, different people are different, and that's neither a bad thing nor an avoidable thing.